UBS Securities LLC recently announced the acquisition of new stake in Realogy Holdings Corp. (NYSE:RLGY). The institutional investor has increased its shareholding in the Real Estate company by 12,362.20% to 7.55 million shares with purchase of 7.49 million shares. This fresh investment now brings its stake to 6.54% valued currently at $55.94 million. In addition, Prentice Capital Management LP raised its holdings by 3.32 million to 4.42 million shares. And SSgA Funds Management, Inc. has lifted its position by 2.46% or 94318.0 shares – to 3.93 million shares.
With over 2.24 million Realogy Holdings Corp. (RLGY) shares trading Wednesday and a closing price of $8.82 on the day, the dollar volume was approximately $19.79 million. The shares have shown a positive weekly performance of 7.64% and its price on 07/28/20 gained nearly 6.20%. Currently, there are 114.70M common shares owned by the public and among those 114.35M shares have been available to trade.
Incidentally, analysts’ outlook for the Realogy Holdings Corp. stock is 2.80 for the next 12 months.
Insiders at the company have transacted a total of 69 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 41 of these insider trades were purchases, accounting for 902,861 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 94,059 shares.
The top 3 mutual fund holders in Realogy Holdings Corp. are Longleaf Partners Small Cap Fund, EdgePoint Global Portfolio, and iShares Core S&P Small Cap ETF. Longleaf Partners Small Cap Fund owns 16.42 million shares of the company’s stock, all valued at over $121.69 million. iShares Core S&P Small Cap ETF now owns shares totaling to 6.13% of the shares outstanding.
Shares of Realogy Holdings Corp. (NYSE: RLGY) opened at $8.37, up $0.06 from a prior closing price of $8.31. However, the script later closed the day at $8.82, up 6.20%. The company’s stock has a 5-day price change of 7.64% and 93.26% over the past three months. RLGY shares are trading -14.15% year to date (YTD), with the 12-month market performance up to 67.54% higher. It has a 12-month low price of $2.09 and touched a high of $13.88 over the same period. Currently, 2.24 million shares have been traded, compared to an average intraday trading volume of 2.77 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.07%, 24.63%, and 13.81% respectively.
Institutional ownership of Realogy Holdings Corp. (NYSE: RLGY) 114.70M shares outstanding. Mutual fund holders own 70.97%, while other institutional holders and individual stakeholders account for 75.17% and 39.80% respectively.
It has a market capitalization of $989.64M and a beta (3y monthly) value of 2.80. The earnings-per-share (ttm) stands at -$3.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.67% over the week and 5.75% over the month.
Analysts forecast that Realogy Holdings Corp. (RLGY) will achieve an EPS of $0.1 for the current quarter, $0.36 for the next quarter and $0.74 for 2021. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.16. Comparatively, EPS for the current quarter was $0.83 a year ago. Earnings per share for the fiscal year are expected to decrease by -192.80%, and 7500.00% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -25.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Realogy Holdings Corp. (RLGY) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 6 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the RLGY, a number of firms have released research notes about the stock. Compass Point stated their Buy rating for the stock in a research note on April 29, 2020, with the firm’s price target at $10. Susquehanna coverage for the Realogy Holdings Corp. (RLGY) stock in a research note released on March 10, 2020 offered a Neutral rating with a price target of $8. Susquehanna was of a view on November 11, 2019 that the stock is Negative, while Compass Point gave the stock Neutral rating on July 08, 2019, issuing a price target of. Stephens on their part issued Equal-Weight rating on June 10, 2019.